Tullow’s Gabon Exit Highlights Rising Role of African Firms in Upstream Sector
Tullow Oil has finalized the sale of its non-operated interests in Gabon to Gabon Oil Company (GOC) for $307 million, marking a strategic portfolio shift for the UK-based independent and a notable development for Gabon’s energy sector. The transaction transfers Tullow’s remaining production interests – estimated to contribute approximately 10,000
Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola and Ghana
In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from African Petroleum Producers Organization (APPO) members to initiate the bank’s operations. Dr. Omar Farouk Ibrahim, Secretary
